In an e-mail to employees, he has said the co must begin to think like a start-up and also create a workplace that is a "melting pot" of diverse ideas.Anirban Sen | ET Bureau | February 02, 2016, 09:51 IST

BENGALURU: On his first day as CEO of Wipro, former TCS veteran Abidali Z. Neemuchwala outlined an ambitious target of turning India’s third largest software exporter into a $15-billion company by 2020, a goal that echoed a similar ambition laid out by cross-town rival Infosys’s CEO Vishal Sikka.

In an email to all Wipro employees on Monday, Neemuchwala said he wanted Wipro to double its revenues by 2020. ET has seen a copy of the email.

“Last month, I detailed our ambition to double our size and touch revenues of $15 billion with an operating margin of 23% in four years. I have no doubt that this goal is grounded in reality….the key to success will be to not only be ambitious, but also to execute our well detailed plans with discipline,” said Neemuchwala.

“Wipro has a legacy of seventy years even as the average age of our employees is only in the twenties,” he added.

In the mail, Neemuchwala stressed on the need to execute at speed and spoke about the importance of decentralising the organization even further to enable faster decision making.

“Over the past several months, we have collapsed and simplified processes to create a more agile organization. Simplification is a journey. We have seen early signs of success -- these measures have helped accelerate our ability to respond to customers, ensured deeper employee engagement and improved our win rates,” he said.

“I have little doubt that we must begin to think like a startup -- where there is nothing from the past that is so sacred that it can’t be questioned -- and create a workplace that is a melting pot of diverse ideas,” he added.

The $15-billion revenue target is similar to the one set by Sikka who has outlined an “aspirational” vision of making Infosys a $20-billion company by 2020.

Neemuchwala also hinted at tougher decisions in the near future, saying that the Bangalore-based company would show “zero tolerance towards those among us who violate our values and are not aligned to our strategy.”